Mathematics, 10.03.2020 10:00 apgg303
A bank accepts rolls of pennies and gives 50 cents credit to a customer without counting the contents. Assume that a roll contains 49 pennies 30 percent of the time, 50 pennies 60 percent of the time, and 51 pennies 10 percent of the time. (a) Find the expected value and the variance for the amount that the bank loses on a typical roll.
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A bank accepts rolls of pennies and gives 50 cents credit to a customer without counting the content...
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